RBC understands that real students aren’t like what you see in stock videos. See just how committed RBC is to giving Students ‘More’
Get products for students that suit your real life with the RBC StudentSolution:
- 5 free Interac‡ e-Transfers with your RBC Student Banking(R) account
- a low rate student line of credit to help pay for school
- a no annual fee credit card with cash back and purchase protection.

published:09 Sep 2015

views:228638

As an RBCOnline Banking client you’ll get FREE access to the TransUnion CreditView Dashboard, where you can view your current credit score and learn how different types of credit can impact it over time.
Learn more: http://www.rbcroyalbank.com/dms/olb/credit-score/index-or.html

Line of Credit & Loan Payment Calculator – RBC Royal BankExplore the loan calculator to estimate your credit limit or loan payments, see the costs. Open the best price, all-inclusive banking package and get unlimited. Can your loan or line of credit, RBC Royal Bank.
Thanks for watching this video!!!
And Don’t forget Like, Comments, Share and Subscribe.

published:30 Jan 2017

views:216

published:18 Jun 2015

views:459

See how Avion® and Visa helped turn a trip to the bank into the trip of a lifetime for these two Avioners®.
Start Avioning today with 15,000 Welcome points†: http://www.rbcroyalbank.com/credit-cards/avion/card_infinite.html?ASC=7AI001
Find out more about The InfiniteList: https://www.visainfinite.ca/infinite/index.jsp?bid=10021249

published:18 Mar 2015

views:147498

There are many choices when it comes to credit cards. Find the one that's right for you.
Try the RBCCredit Card selector tool
http://www.rbcroyalbank.com/cards/tools/select/index.html
Apply for an RBC Credit Card
https://www.rbcroyalbank.com/cgi-bin/cards/cardapp/apply.cgi

published:02 Mar 2012

views:5691

Wondering how paying off your line of credit works? You have lots of options; check out how Sarah and Jack pay off their line of credit.

published:27 May 2015

views:11228

Franco'sRBC Royal Bank online banking login and help guide, making things as simple as possible. More RBC Royal Bank details can be found at: http://www.onlinebanking.directory/rbc-royal
RBC Royal Bank home page (as shown above): http://www.rbcroyalbank.com
Turns out the KISS method - Keep It Simple Stupid - is making a comeback. Who are we to go against the trend?

Canadian startup Bionym, maker of a wearable security device dubbed Nymi, is teaming up with credit card giant MasterCard and Royal Bank of Canada to test whether the beat of your heart is true enough to verify payments. Bionym said in a statement on Monday, the trial will allow Royal Bank, Canada's largest bank, Mastercard and customers using the technology to test electrocardiogram-authenticated payments before the end of the year. The new technology comes at a time when large retailers across North America have been grappling with data breaches and the theft of account numbers and other information from payment cards used by customers. Bionym said its Nymi wristband is the world's first biometrically authenticated wearable payment pilot. It said it believes the technology could result in faster, easier financial payments with less risk.
http://feeds.reuters.com/~r/reuters/businessNews/~3/3GIVU910OPY/story01.htm
http://www.wochit.com

Credit (finance)

Credit (from Latincredit, "(he/she/it) believes") is the trust which allows one party to provide money or resources to another party where that second party does not reimburse the first party immediately (thereby generating a debt), but instead arranges either to repay or return those resources (or other materials of equal value) at a later date. The resources provided may be financial (e.g. granting a loan), or they may consist of goods or services (e.g. consumer credit). Credit encompasses any form of deferred payment. Credit is extended by a creditor, also known as a lender, to a debtor, also known as a borrower.

Credit does not necessarily require money. The credit concept can be applied in barter economies as well, based on the direct exchange of goods and services. However, in modern societies, credit is usually denominated by a unit of account. Unlike money, credit itself cannot act as a unit of account.

Movements of financial capital are normally dependent on either credit or equity transfers. Credit is in turn dependent on the reputation or creditworthiness of the entity which takes responsibility for the funds. Credit is also traded in financial markets. The purest form is the credit default swap market, which is essentially a traded market in credit insurance. A credit default swap represents the price at which two parties exchange this risk–the protection seller takes the risk of default of the credit in return for a payment, commonly denoted in basis points (one basis point is 1/100 of a percent) of the notional amount to be referenced, while the protection buyer pays this premium and in the case of default of the underlying (a loan, bond or other receivable), delivers this receivable to the protection seller and receives from the seller the par amount (that is, is made whole).

Credit card

A credit card is a payment card issued to users (cardholders) as a method of payment. It allows the cardholder to pay for goods and services based on the holder's promise to pay for them. The issuer of the card (usually a bank) creates a revolving account and grants a line of credit to the cardholder, from which the cardholder can borrow money for payment to a merchant or as a cash advance.

A credit card is different from a charge card, where it requires the balance to be repaid in full each month. In contrast, credit cards allow the consumers a continuing balance of debt, subject to interest being charged. A credit card also differs from a cash card, which can be used like currency by the owner of the card. A credit card differs from a charge card also in that a credit card typically involves a third-party entity that pays the seller and is reimbursed by the buyer, whereas a charge card simply defers payment by the buyer until a later date.

PNC Financial Services

PNC Financial Services Group, Inc. (stylized as PNC) is an American financial services corporation, with assets (as of December 31, 2014) of approximately $345.2 billion. PNC operations include a regional banking franchise operating primarily in nineteen states and the District of Columbia with more than 2,700 branches, online and mobile services together with 8000 ATMs, specialized financial businesses serving companies and government entities, and asset management and processing businesses.

PNC is the fifth largest bank in the United States (total branches), sixth largest bank by deposits in the United States, ninth largest by total assets, and the third largest bank off-premises ATM provider. PNC is based in Pittsburgh.

History

PNC Financial Services traces its history to the Pittsburgh Trust and Savings Company which was founded in Pittsburgh, Pennsylvania on April 10, 1845. Due to the long recovery from the Great Fire of Pittsburgh, PNC was not fully operational until January 28, 1852, when it opened offices at Liberty Avenue and 12th street. The bank was renamed The Pittsburgh Trust Company in 1853. In 1858, the company located its corporate offices at the corner of Fifth Avenue and Wood Street in Pittsburgh where they remain to this day. The bank changed its name to First National Bank of Pittsburgh in 1863, after it became the first bank in the country to apply for a national charter as part of that year's National Banking Act. It received charter number forty-eight on August 5, 1863, with other later banks receiving charters sooner due to paperwork problems and the fact that the bank was already in business.

RBC Students - Bank to School 3 - The World You Don’t Live In (2015)

RBC understands that real students aren’t like what you see in stock videos. See just how committed RBC is to giving Students ‘More’
Get products for students that suit your real life with the RBC StudentSolution:
- 5 free Interac‡ e-Transfers with your RBC Student Banking(R) account
- a low rate student line of credit to help pay for school
- a no annual fee credit card with cash back and purchase protection.

1:35

Get your credit score for free in RBC Online Banking

Get your credit score for free in RBC Online Banking

Get your credit score for free in RBC Online Banking

As an RBCOnline Banking client you’ll get FREE access to the TransUnion CreditView Dashboard, where you can view your current credit score and learn how different types of credit can impact it over time.
Learn more: http://www.rbcroyalbank.com/dms/olb/credit-score/index-or.html

Royal Bank of Scotland Credit Card

Line of Credit & Loan Payment Calculator – RBC Royal Bank

Line of Credit & Loan Payment Calculator – RBC Royal BankExplore the loan calculator to estimate your credit limit or loan payments, see the costs. Open the best price, all-inclusive banking package and get unlimited. Can your loan or line of credit, RBC Royal Bank.
Thanks for watching this video!!!
And Don’t forget Like, Comments, Share and Subscribe.

2:06

Credit Card FAQs | RBC Royal Bank Credit Cards

Credit Card FAQs | RBC Royal Bank Credit Cards

Credit Card FAQs | RBC Royal Bank Credit Cards

1:36

RBC Avion® Presents: The Infinite List, No. 2

RBC Avion® Presents: The Infinite List, No. 2

RBC Avion® Presents: The Infinite List, No. 2

See how Avion® and Visa helped turn a trip to the bank into the trip of a lifetime for these two Avioners®.
Start Avioning today with 15,000 Welcome points†: http://www.rbcroyalbank.com/credit-cards/avion/card_infinite.html?ASC=7AI001
Find out more about The InfiniteList: https://www.visainfinite.ca/infinite/index.jsp?bid=10021249

1:17

Choose the right credit card for your needs

Choose the right credit card for your needs

Choose the right credit card for your needs

There are many choices when it comes to credit cards. Find the one that's right for you.
Try the RBCCredit Card selector tool
http://www.rbcroyalbank.com/cards/tools/select/index.html
Apply for an RBC Credit Card
https://www.rbcroyalbank.com/cgi-bin/cards/cardapp/apply.cgi

0:51

Paying off your line of credit

Paying off your line of credit

Paying off your line of credit

Wondering how paying off your line of credit works? You have lots of options; check out how Sarah and Jack pay off their line of credit.

1:15

RBC Royal Bank Online Banking Login / Sign In - Man of Few Words

RBC Royal Bank Online Banking Login / Sign In - Man of Few Words

RBC Royal Bank Online Banking Login / Sign In - Man of Few Words

Franco'sRBC Royal Bank online banking login and help guide, making things as simple as possible. More RBC Royal Bank details can be found at: http://www.onlinebanking.directory/rbc-royal
RBC Royal Bank home page (as shown above): http://www.rbcroyalbank.com
Turns out the KISS method - Keep It Simple Stupid - is making a comeback. Who are we to go against the trend?

RBC Claim Management - Unenforceable Credit Agreements -

MasterCard, RBC to Test If the Heart is Always True, for Payments at Least

MasterCard, RBC to Test If the Heart is Always True, for Payments at Least

MasterCard, RBC to Test If the Heart is Always True, for Payments at Least

Canadian startup Bionym, maker of a wearable security device dubbed Nymi, is teaming up with credit card giant MasterCard and Royal Bank of Canada to test whether the beat of your heart is true enough to verify payments. Bionym said in a statement on Monday, the trial will allow Royal Bank, Canada's largest bank, Mastercard and customers using the technology to test electrocardiogram-authenticated payments before the end of the year. The new technology comes at a time when large retailers across North America have been grappling with data breaches and the theft of account numbers and other information from payment cards used by customers. Bionym said its Nymi wristband is the world's first biometrically authenticated wearable payment pilot. It said it believes the technology could result in faster, easier financial payments with less risk.
http://feeds.reuters.com/~r/reuters/businessNews/~3/3GIVU910OPY/story01.htm
http://www.wochit.com

1:07

Why a line of credit? Flexibility and Cash Flow!

Why a line of credit? Flexibility and Cash Flow!

Why a line of credit? Flexibility and Cash Flow!

Wondering what the benefits of a line of credit are? Check out how Sarah and Jack use their line of credit and how it helped them get closer to their dream trip!

10:22

RBC Business Cash Back MasterCard Unboxing and Review by Financial Author Ahmed Dawn

RBC Business Cash Back MasterCard Unboxing and Review by Financial Author Ahmed Dawn

RBC Business Cash Back MasterCard Unboxing and Review by Financial Author Ahmed Dawn

RBCBusinessCashBack MasterCard is a good option for those who aren’t looking for anything from a plain vanilla business credit card. Financial author AhmedDawn's insights.
Here are some more videos you may want to check out:
TangerineMoney Back Credit CardCuts Its Cash Back Rewards
https://youtu.be/sAKjPFUMKoA
American ExpressUpdates SimplyCash Preferred Cash Back Credit Card
https://youtu.be/9QzhiR4tyEQ
RBC Business Cash Back MasterCard
https://youtu.be/OJDBd0TpvIY
Is Travel Credit Card Scotiabank Gold American Express Now A Cash Back Credit Card As Well?
https://youtu.be/kmBw_6LOI4k
Which Credit CardsGive the Most Rewards Pointsor Cash Back?
https://youtu.be/uk6XpwdUkS0
The ScotiaMomentumVisaInfinite Credit Card Review
https://youtu.be/7pRCFimIKs4
What Are Some of the Best Cash Back Credit Cards?
https://youtu.be/dkBCBo36eNw
Never Settle for Cash Back Rewards Credit Cards
https://youtu.be/4j6mLR3kke4
How to Pick Rewards Credit Cards
https://youtu.be/Ey_s-4MzJig
TD Cash Back Visa Infinite Credit Card
https://youtu.be/T_dr7bKultk

0:51

Kidsplanations Episode 1 – Credit Score

Kidsplanations Episode 1 – Credit Score

Kidsplanations Episode 1 – Credit Score

Credit scores can be complex. Here's a definition so simple, even a kid can explain it! For more Kidsplanations, check out https://discover.rbcroyalbank.com/kidsplanations-episode-2-debt-consolidation/

0:31

Whoa! RBC with Apple Pay: Fast. Easy. Secure.

Whoa! RBC with Apple Pay: Fast. Easy. Secure.

Whoa! RBC with Apple Pay: Fast. Easy. Secure.

RBC with Apple Pay is the FAST and EASY way to pay for everyday purchases.
Now you can enjoy all the benefits of using your RBC® PersonalCredit or Debit card with Apple Pay on your iPhone or Apple Watch. Paying in stores has never been easier or more convenient. Learn more at www.rbc.com/apple-pay

1:30

How to Make a Payment using the Royal Bank Mobile App

How to Make a Payment using the Royal Bank Mobile App

How to Make a Payment using the Royal Bank Mobile App

A short video from Royal Bank of Scotland explaining how to make a payment without the need for a card reader using the Royal Bank of Scotland mobile app.

0:16

Whoa! RBC with Apple Pay: Fast. Easy. Secure.

Whoa! RBC with Apple Pay: Fast. Easy. Secure.

Whoa! RBC with Apple Pay: Fast. Easy. Secure.

RBC with Apple Pay is the FAST and EASY way to pay for everyday purchases.
Now you can enjoy all the benefits of using your RBC® PersonalCredit or Debit card with Apple Pay on your iPhone or Apple Watch. Paying in stores has never been easier or more convenient. Learn more at www.rbc.com/apple-pay

0:46

RBC Avion Visa Infinite Privilege Review_PART 2

RBC Avion Visa Infinite Privilege Review_PART 2

RBC Avion Visa Infinite Privilege Review_PART 2

I APOLOGIZE THAT THE VIDEO IS BLURRY IN THE BEGINNING AND AWKWARD TOWARDS THE END IN PART 2. IT IS MY FIRST EXPERIENCE. I HOPE YOU ENJOY IT! :)
In this video, we review the premium credit card offered by the Royal Bank of Canada for high income earners. We discuss the best strategies to increase your earnings using this card, as well as the best redemption options that are currently available via RBCRewards program for card members. We also provide a detailed description of the premium benefits that are offered via this card. Lastly, towards the end of this video and in PART 2, we talk about a way to get this card without necessarily having to satisfy the income requirement.

1:07

How to add your Royal Bank card to Apple Pay

How to add your Royal Bank card to Apple Pay

How to add your Royal Bank card to Apple Pay

Apple Pay is here. To add your Royal Bank card on your iPhone 6, iPad Air 2 or iPad Mini 3, select the 'Passbook' app and follow this simple guide. Available on selected Royal Bank personal current accounts and Royal Bank MasterCard credit cards.
For more information visit rbs.co.uk/applepay

17:58

RBC Avion Visa Infinite Privilege Review_PART 1

RBC Avion Visa Infinite Privilege Review_PART 1

RBC Avion Visa Infinite Privilege Review_PART 1

I APOLOGIZE THAT THE VIDEO IS BLURRY IN THE BEGINNING AND AWKWARD TOWARDS THE END IN PART 2. IT IS MY FIRST EXPERIENCE. I HOPE YOU ENJOY IT! :)
In this video, we review the premium credit card offered by the Royal Bank of Canada for high income earners. We discuss the best strategies to increase your earnings using this card, as well as the best redemption options that are currently available via RBCRewards program for card members. We also provide a detailed description of the premium benefits that are offered via this card. Lastly, towards the end of this video and in PART 2, we talk about a way to get this card without necessarily having to satisfy the income requirement.

0:18

See how students score more with a no annual fee credit card with cashback and purchase protection

See how students score more with a no annual fee credit card with cashback and purchase protection

See how students score more with a no annual fee credit card with cashback and purchase protection

How to add your Royal Bank card to Apple Pay

Watch our video to see how to add your Royal Bank card to Apple Pay.
Available on selected Royal Bank personal current accounts and Royal Bank MasterCard credit cards.
For more information visit rbs.co.uk/applepay

0:13

Line of Credit & Loan Payment Calculator – RBC Royal Bank

Line of Credit & Loan Payment Calculator – RBC Royal Bank

Line of Credit & Loan Payment Calculator – RBC Royal Bank

Line of Credit & Loan Payment Calculator – RBC Royal BankExplore the loan calculator to estimate your credit limit or loan payments, see the costs. Open the best price, all-inclusive banking package and get unlimited. Can your loan or line of credit, RBC Royal Bank.
Thanks for watching this video!!!
And Don’t forget Like, Comments, Share and Subscribe.

1:07

How to add your Royal Bank card to Apple Pay

How to add your Royal Bank card to Apple Pay

How to add your Royal Bank card to Apple Pay

Apple Pay is here. To add your Royal Bank card on your iPhone 6, iPad Air 2 or iPad Mini 3, select the 'Passbook' app and follow this simple guide. Available on selected Royal Bank personal current accounts and Royal Bank MasterCard credit cards.
For more information visit rbs.co.uk/applepay

RBC Students - Bank to School 3 - The World You Don’t Live In (2015)

RBC understands that real students aren’t like what you see in stock videos. See just how committed RBC is to giving Students ‘More’
Get products for students that suit your real life with the RBC StudentSolution:
- 5 free Interac‡ e-Transfers with your RBC Student Banking(R) account
- a low rate student line of credit to help pay for school
- a no annual fee credit card with cash back and purchase protection.

published: 09 Sep 2015

Get your credit score for free in RBC Online Banking

As an RBCOnline Banking client you’ll get FREE access to the TransUnion CreditView Dashboard, where you can view your current credit score and learn how different types of credit can impact it over time.
Learn more: http://www.rbcroyalbank.com/dms/olb/credit-score/index-or.html

published: 14 Jun 2017

Royal Bank of Scotland Credit Card

Line of Credit & Loan Payment Calculator – RBC Royal Bank

Line of Credit & Loan Payment Calculator – RBC Royal BankExplore the loan calculator to estimate your credit limit or loan payments, see the costs. Open the best price, all-inclusive banking package and get unlimited. Can your loan or line of credit, RBC Royal Bank.
Thanks for watching this video!!!
And Don’t forget Like, Comments, Share and Subscribe.

published: 30 Jan 2017

Credit Card FAQs | RBC Royal Bank Credit Cards

published: 18 Jun 2015

RBC Avion® Presents: The Infinite List, No. 2

See how Avion® and Visa helped turn a trip to the bank into the trip of a lifetime for these two Avioners®.
Start Avioning today with 15,000 Welcome points†: http://www.rbcroyalbank.com/credit-cards/avion/card_infinite.html?ASC=7AI001
Find out more about The InfiniteList: https://www.visainfinite.ca/infinite/index.jsp?bid=10021249

published: 18 Mar 2015

Choose the right credit card for your needs

There are many choices when it comes to credit cards. Find the one that's right for you.
Try the RBCCredit Card selector tool
http://www.rbcroyalbank.com/cards/tools/select/index.html
Apply for an RBC Credit Card
https://www.rbcroyalbank.com/cgi-bin/cards/cardapp/apply.cgi

published: 02 Mar 2012

Paying off your line of credit

Wondering how paying off your line of credit works? You have lots of options; check out how Sarah and Jack pay off their line of credit.

published: 27 May 2015

RBC Royal Bank Online Banking Login / Sign In - Man of Few Words

Franco'sRBC Royal Bank online banking login and help guide, making things as simple as possible. More RBC Royal Bank details can be found at: http://www.onlinebanking.directory/rbc-royal
RBC Royal Bank home page (as shown above): http://www.rbcroyalbank.com
Turns out the KISS method - Keep It Simple Stupid - is making a comeback. Who are we to go against the trend?

published: 12 Dec 2016

RBC Claim Management - Unenforceable Credit Agreements -

MasterCard, RBC to Test If the Heart is Always True, for Payments at Least

Canadian startup Bionym, maker of a wearable security device dubbed Nymi, is teaming up with credit card giant MasterCard and Royal Bank of Canada to test whether the beat of your heart is true enough to verify payments. Bionym said in a statement on Monday, the trial will allow Royal Bank, Canada's largest bank, Mastercard and customers using the technology to test electrocardiogram-authenticated payments before the end of the year. The new technology comes at a time when large retailers across North America have been grappling with data breaches and the theft of account numbers and other information from payment cards used by customers. Bionym said its Nymi wristband is the world's first biometrically authenticated wearable payment pilot. It said it believes the technology could result i...

published: 03 Nov 2014

Why a line of credit? Flexibility and Cash Flow!

Wondering what the benefits of a line of credit are? Check out how Sarah and Jack use their line of credit and how it helped them get closer to their dream trip!

published: 27 May 2015

RBC Business Cash Back MasterCard Unboxing and Review by Financial Author Ahmed Dawn

Kidsplanations Episode 1 – Credit Score

Credit scores can be complex. Here's a definition so simple, even a kid can explain it! For more Kidsplanations, check out https://discover.rbcroyalbank.com/kidsplanations-episode-2-debt-consolidation/

published: 12 Dec 2016

Whoa! RBC with Apple Pay: Fast. Easy. Secure.

RBC with Apple Pay is the FAST and EASY way to pay for everyday purchases.
Now you can enjoy all the benefits of using your RBC® PersonalCredit or Debit card with Apple Pay on your iPhone or Apple Watch. Paying in stores has never been easier or more convenient. Learn more at www.rbc.com/apple-pay

published: 14 Oct 2016

How to Make a Payment using the Royal Bank Mobile App

A short video from Royal Bank of Scotland explaining how to make a payment without the need for a card reader using the Royal Bank of Scotland mobile app.

published: 27 Feb 2017

Whoa! RBC with Apple Pay: Fast. Easy. Secure.

RBC with Apple Pay is the FAST and EASY way to pay for everyday purchases.
Now you can enjoy all the benefits of using your RBC® PersonalCredit or Debit card with Apple Pay on your iPhone or Apple Watch. Paying in stores has never been easier or more convenient. Learn more at www.rbc.com/apple-pay

published: 01 Feb 2017

RBC Avion Visa Infinite Privilege Review_PART 2

I APOLOGIZE THAT THE VIDEO IS BLURRY IN THE BEGINNING AND AWKWARD TOWARDS THE END IN PART 2. IT IS MY FIRST EXPERIENCE. I HOPE YOU ENJOY IT! :)
In this video, we review the premium credit card offered by the Royal Bank of Canada for high income earners. We discuss the best strategies to increase your earnings using this card, as well as the best redemption options that are currently available via RBCRewards program for card members. We also provide a detailed description of the premium benefits that are offered via this card. Lastly, towards the end of this video and in PART 2, we talk about a way to get this card without necessarily having to satisfy the income requirement.

published: 22 Nov 2017

How to add your Royal Bank card to Apple Pay

Apple Pay is here. To add your Royal Bank card on your iPhone 6, iPad Air 2 or iPad Mini 3, select the 'Passbook' app and follow this simple guide. Available on selected Royal Bank personal current accounts and Royal Bank MasterCard credit cards.
For more information visit rbs.co.uk/applepay

published: 12 Aug 2015

RBC Avion Visa Infinite Privilege Review_PART 1

I APOLOGIZE THAT THE VIDEO IS BLURRY IN THE BEGINNING AND AWKWARD TOWARDS THE END IN PART 2. IT IS MY FIRST EXPERIENCE. I HOPE YOU ENJOY IT! :)
In this video, we review the premium credit card offered by the Royal Bank of Canada for high income earners. We discuss the best strategies to increase your earnings using this card, as well as the best redemption options that are currently available via RBCRewards program for card members. We also provide a detailed description of the premium benefits that are offered via this card. Lastly, towards the end of this video and in PART 2, we talk about a way to get this card without necessarily having to satisfy the income requirement.

published: 22 Nov 2017

See how students score more with a no annual fee credit card with cashback and purchase protection

St.kitts-Kashman - WHICH BANK GOT DE BEST GALS? FREESTYLE

How to add your Royal Bank card to Apple Pay

Watch our video to see how to add your Royal Bank card to Apple Pay.
Available on selected Royal Bank personal current accounts and Royal Bank MasterCard credit cards.
For more information visit rbs.co.uk/applepay

published: 07 Apr 2017

Line of Credit & Loan Payment Calculator – RBC Royal Bank

Line of Credit & Loan Payment Calculator – RBC Royal BankExplore the loan calculator to estimate your credit limit or loan payments, see the costs. Open the best price, all-inclusive banking package and get unlimited. Can your loan or line of credit, RBC Royal Bank.
Thanks for watching this video!!!
And Don’t forget Like, Comments, Share and Subscribe.

published: 30 Jan 2017

How to add your Royal Bank card to Apple Pay

Apple Pay is here. To add your Royal Bank card on your iPhone 6, iPad Air 2 or iPad Mini 3, select the 'Passbook' app and follow this simple guide. Available on selected Royal Bank personal current accounts and Royal Bank MasterCard credit cards.
For more information visit rbs.co.uk/applepay

RBC Students - Bank to School 3 - The World You Don’t Live In (2015)

RBC understands that real students aren’t like what you see in stock videos. See just how committed RBC is to giving Students ‘More’
Get products for students...

RBC understands that real students aren’t like what you see in stock videos. See just how committed RBC is to giving Students ‘More’
Get products for students that suit your real life with the RBC StudentSolution:
- 5 free Interac‡ e-Transfers with your RBC Student Banking(R) account
- a low rate student line of credit to help pay for school
- a no annual fee credit card with cash back and purchase protection.

RBC understands that real students aren’t like what you see in stock videos. See just how committed RBC is to giving Students ‘More’
Get products for students that suit your real life with the RBC StudentSolution:
- 5 free Interac‡ e-Transfers with your RBC Student Banking(R) account
- a low rate student line of credit to help pay for school
- a no annual fee credit card with cash back and purchase protection.

Get your credit score for free in RBC Online Banking

As an RBCOnline Banking client you’ll get FREE access to the TransUnion CreditView Dashboard, where you can view your current credit score and learn how differ...

As an RBCOnline Banking client you’ll get FREE access to the TransUnion CreditView Dashboard, where you can view your current credit score and learn how different types of credit can impact it over time.
Learn more: http://www.rbcroyalbank.com/dms/olb/credit-score/index-or.html

As an RBCOnline Banking client you’ll get FREE access to the TransUnion CreditView Dashboard, where you can view your current credit score and learn how different types of credit can impact it over time.
Learn more: http://www.rbcroyalbank.com/dms/olb/credit-score/index-or.html

Line of Credit & Loan Payment Calculator – RBC Royal BankExplore the loan calculator to estimate your credit limit or loan payments, see the costs. Open the best price, all-inclusive banking package and get unlimited. Can your loan or line of credit, RBC Royal Bank.
Thanks for watching this video!!!
And Don’t forget Like, Comments, Share and Subscribe.

Line of Credit & Loan Payment Calculator – RBC Royal BankExplore the loan calculator to estimate your credit limit or loan payments, see the costs. Open the best price, all-inclusive banking package and get unlimited. Can your loan or line of credit, RBC Royal Bank.
Thanks for watching this video!!!
And Don’t forget Like, Comments, Share and Subscribe.

RBC Avion® Presents: The Infinite List, No. 2

See how Avion® and Visa helped turn a trip to the bank into the trip of a lifetime for these two Avioners®.
Start Avioning today with 15,000 Welcome points†: ...

See how Avion® and Visa helped turn a trip to the bank into the trip of a lifetime for these two Avioners®.
Start Avioning today with 15,000 Welcome points†: http://www.rbcroyalbank.com/credit-cards/avion/card_infinite.html?ASC=7AI001
Find out more about The InfiniteList: https://www.visainfinite.ca/infinite/index.jsp?bid=10021249

See how Avion® and Visa helped turn a trip to the bank into the trip of a lifetime for these two Avioners®.
Start Avioning today with 15,000 Welcome points†: http://www.rbcroyalbank.com/credit-cards/avion/card_infinite.html?ASC=7AI001
Find out more about The InfiniteList: https://www.visainfinite.ca/infinite/index.jsp?bid=10021249

Choose the right credit card for your needs

There are many choices when it comes to credit cards. Find the one that's right for you.
Try the RBCCredit Card selector tool
http://www.rbcroyalbank.com/car...

There are many choices when it comes to credit cards. Find the one that's right for you.
Try the RBCCredit Card selector tool
http://www.rbcroyalbank.com/cards/tools/select/index.html
Apply for an RBC Credit Card
https://www.rbcroyalbank.com/cgi-bin/cards/cardapp/apply.cgi

There are many choices when it comes to credit cards. Find the one that's right for you.
Try the RBCCredit Card selector tool
http://www.rbcroyalbank.com/cards/tools/select/index.html
Apply for an RBC Credit Card
https://www.rbcroyalbank.com/cgi-bin/cards/cardapp/apply.cgi

RBC Royal Bank Online Banking Login / Sign In - Man of Few Words

Franco'sRBC Royal Bank online banking login and help guide, making things as simple as possible. More RBC Royal Bank details can be found at: http://www.onlin...

Franco'sRBC Royal Bank online banking login and help guide, making things as simple as possible. More RBC Royal Bank details can be found at: http://www.onlinebanking.directory/rbc-royal
RBC Royal Bank home page (as shown above): http://www.rbcroyalbank.com
Turns out the KISS method - Keep It Simple Stupid - is making a comeback. Who are we to go against the trend?

Franco'sRBC Royal Bank online banking login and help guide, making things as simple as possible. More RBC Royal Bank details can be found at: http://www.onlinebanking.directory/rbc-royal
RBC Royal Bank home page (as shown above): http://www.rbcroyalbank.com
Turns out the KISS method - Keep It Simple Stupid - is making a comeback. Who are we to go against the trend?

MasterCard, RBC to Test If the Heart is Always True, for Payments at Least

Canadian startup Bionym, maker of a wearable security device dubbed Nymi, is teaming up with credit card giant MasterCard and Royal Bank of Canada to test wheth...

Canadian startup Bionym, maker of a wearable security device dubbed Nymi, is teaming up with credit card giant MasterCard and Royal Bank of Canada to test whether the beat of your heart is true enough to verify payments. Bionym said in a statement on Monday, the trial will allow Royal Bank, Canada's largest bank, Mastercard and customers using the technology to test electrocardiogram-authenticated payments before the end of the year. The new technology comes at a time when large retailers across North America have been grappling with data breaches and the theft of account numbers and other information from payment cards used by customers. Bionym said its Nymi wristband is the world's first biometrically authenticated wearable payment pilot. It said it believes the technology could result in faster, easier financial payments with less risk.
http://feeds.reuters.com/~r/reuters/businessNews/~3/3GIVU910OPY/story01.htm
http://www.wochit.com

Canadian startup Bionym, maker of a wearable security device dubbed Nymi, is teaming up with credit card giant MasterCard and Royal Bank of Canada to test whether the beat of your heart is true enough to verify payments. Bionym said in a statement on Monday, the trial will allow Royal Bank, Canada's largest bank, Mastercard and customers using the technology to test electrocardiogram-authenticated payments before the end of the year. The new technology comes at a time when large retailers across North America have been grappling with data breaches and the theft of account numbers and other information from payment cards used by customers. Bionym said its Nymi wristband is the world's first biometrically authenticated wearable payment pilot. It said it believes the technology could result in faster, easier financial payments with less risk.
http://feeds.reuters.com/~r/reuters/businessNews/~3/3GIVU910OPY/story01.htm
http://www.wochit.com

RBC Business Cash Back MasterCard Unboxing and Review by Financial Author Ahmed Dawn

RBCBusinessCashBack MasterCard is a good option for those who aren’t looking for anything from a plain vanilla business credit card. Financial author Ahmed D...

RBCBusinessCashBack MasterCard is a good option for those who aren’t looking for anything from a plain vanilla business credit card. Financial author AhmedDawn's insights.
Here are some more videos you may want to check out:
TangerineMoney Back Credit CardCuts Its Cash Back Rewards
https://youtu.be/sAKjPFUMKoA
American ExpressUpdates SimplyCash Preferred Cash Back Credit Card
https://youtu.be/9QzhiR4tyEQ
RBC Business Cash Back MasterCard
https://youtu.be/OJDBd0TpvIY
Is Travel Credit Card Scotiabank Gold American Express Now A Cash Back Credit Card As Well?
https://youtu.be/kmBw_6LOI4k
Which Credit CardsGive the Most Rewards Pointsor Cash Back?
https://youtu.be/uk6XpwdUkS0
The ScotiaMomentumVisaInfinite Credit Card Review
https://youtu.be/7pRCFimIKs4
What Are Some of the Best Cash Back Credit Cards?
https://youtu.be/dkBCBo36eNw
Never Settle for Cash Back Rewards Credit Cards
https://youtu.be/4j6mLR3kke4
How to Pick Rewards Credit Cards
https://youtu.be/Ey_s-4MzJig
TD Cash Back Visa Infinite Credit Card
https://youtu.be/T_dr7bKultk

RBCBusinessCashBack MasterCard is a good option for those who aren’t looking for anything from a plain vanilla business credit card. Financial author AhmedDawn's insights.
Here are some more videos you may want to check out:
TangerineMoney Back Credit CardCuts Its Cash Back Rewards
https://youtu.be/sAKjPFUMKoA
American ExpressUpdates SimplyCash Preferred Cash Back Credit Card
https://youtu.be/9QzhiR4tyEQ
RBC Business Cash Back MasterCard
https://youtu.be/OJDBd0TpvIY
Is Travel Credit Card Scotiabank Gold American Express Now A Cash Back Credit Card As Well?
https://youtu.be/kmBw_6LOI4k
Which Credit CardsGive the Most Rewards Pointsor Cash Back?
https://youtu.be/uk6XpwdUkS0
The ScotiaMomentumVisaInfinite Credit Card Review
https://youtu.be/7pRCFimIKs4
What Are Some of the Best Cash Back Credit Cards?
https://youtu.be/dkBCBo36eNw
Never Settle for Cash Back Rewards Credit Cards
https://youtu.be/4j6mLR3kke4
How to Pick Rewards Credit Cards
https://youtu.be/Ey_s-4MzJig
TD Cash Back Visa Infinite Credit Card
https://youtu.be/T_dr7bKultk

Kidsplanations Episode 1 – Credit Score

Credit scores can be complex. Here's a definition so simple, even a kid can explain it! For more Kidsplanations, check out https://discover.rbcroyalbank.com/kid...

Credit scores can be complex. Here's a definition so simple, even a kid can explain it! For more Kidsplanations, check out https://discover.rbcroyalbank.com/kidsplanations-episode-2-debt-consolidation/

Credit scores can be complex. Here's a definition so simple, even a kid can explain it! For more Kidsplanations, check out https://discover.rbcroyalbank.com/kidsplanations-episode-2-debt-consolidation/

RBC with Apple Pay is the FAST and EASY way to pay for everyday purchases.
Now you can enjoy all the benefits of using your RBC® PersonalCredit or Debit card with Apple Pay on your iPhone or Apple Watch. Paying in stores has never been easier or more convenient. Learn more at www.rbc.com/apple-pay

RBC with Apple Pay is the FAST and EASY way to pay for everyday purchases.
Now you can enjoy all the benefits of using your RBC® PersonalCredit or Debit card with Apple Pay on your iPhone or Apple Watch. Paying in stores has never been easier or more convenient. Learn more at www.rbc.com/apple-pay

RBC with Apple Pay is the FAST and EASY way to pay for everyday purchases.
Now you can enjoy all the benefits of using your RBC® PersonalCredit or Debit card with Apple Pay on your iPhone or Apple Watch. Paying in stores has never been easier or more convenient. Learn more at www.rbc.com/apple-pay

RBC with Apple Pay is the FAST and EASY way to pay for everyday purchases.
Now you can enjoy all the benefits of using your RBC® PersonalCredit or Debit card with Apple Pay on your iPhone or Apple Watch. Paying in stores has never been easier or more convenient. Learn more at www.rbc.com/apple-pay

RBC Avion Visa Infinite Privilege Review_PART 2

I APOLOGIZE THAT THE VIDEO IS BLURRY IN THE BEGINNING AND AWKWARD TOWARDS THE END IN PART 2. IT IS MY FIRST EXPERIENCE. I HOPE YOU ENJOY IT! :)
In this video, ...

I APOLOGIZE THAT THE VIDEO IS BLURRY IN THE BEGINNING AND AWKWARD TOWARDS THE END IN PART 2. IT IS MY FIRST EXPERIENCE. I HOPE YOU ENJOY IT! :)
In this video, we review the premium credit card offered by the Royal Bank of Canada for high income earners. We discuss the best strategies to increase your earnings using this card, as well as the best redemption options that are currently available via RBCRewards program for card members. We also provide a detailed description of the premium benefits that are offered via this card. Lastly, towards the end of this video and in PART 2, we talk about a way to get this card without necessarily having to satisfy the income requirement.

I APOLOGIZE THAT THE VIDEO IS BLURRY IN THE BEGINNING AND AWKWARD TOWARDS THE END IN PART 2. IT IS MY FIRST EXPERIENCE. I HOPE YOU ENJOY IT! :)
In this video, we review the premium credit card offered by the Royal Bank of Canada for high income earners. We discuss the best strategies to increase your earnings using this card, as well as the best redemption options that are currently available via RBCRewards program for card members. We also provide a detailed description of the premium benefits that are offered via this card. Lastly, towards the end of this video and in PART 2, we talk about a way to get this card without necessarily having to satisfy the income requirement.

Apple Pay is here. To add your Royal Bank card on your iPhone 6, iPad Air 2 or iPad Mini 3, select the 'Passbook' app and follow this simple guide. Available on selected Royal Bank personal current accounts and Royal Bank MasterCard credit cards.
For more information visit rbs.co.uk/applepay

Apple Pay is here. To add your Royal Bank card on your iPhone 6, iPad Air 2 or iPad Mini 3, select the 'Passbook' app and follow this simple guide. Available on selected Royal Bank personal current accounts and Royal Bank MasterCard credit cards.
For more information visit rbs.co.uk/applepay

RBC Avion Visa Infinite Privilege Review_PART 1

I APOLOGIZE THAT THE VIDEO IS BLURRY IN THE BEGINNING AND AWKWARD TOWARDS THE END IN PART 2. IT IS MY FIRST EXPERIENCE. I HOPE YOU ENJOY IT! :)
In this video, ...

I APOLOGIZE THAT THE VIDEO IS BLURRY IN THE BEGINNING AND AWKWARD TOWARDS THE END IN PART 2. IT IS MY FIRST EXPERIENCE. I HOPE YOU ENJOY IT! :)
In this video, we review the premium credit card offered by the Royal Bank of Canada for high income earners. We discuss the best strategies to increase your earnings using this card, as well as the best redemption options that are currently available via RBCRewards program for card members. We also provide a detailed description of the premium benefits that are offered via this card. Lastly, towards the end of this video and in PART 2, we talk about a way to get this card without necessarily having to satisfy the income requirement.

I APOLOGIZE THAT THE VIDEO IS BLURRY IN THE BEGINNING AND AWKWARD TOWARDS THE END IN PART 2. IT IS MY FIRST EXPERIENCE. I HOPE YOU ENJOY IT! :)
In this video, we review the premium credit card offered by the Royal Bank of Canada for high income earners. We discuss the best strategies to increase your earnings using this card, as well as the best redemption options that are currently available via RBCRewards program for card members. We also provide a detailed description of the premium benefits that are offered via this card. Lastly, towards the end of this video and in PART 2, we talk about a way to get this card without necessarily having to satisfy the income requirement.

published:22 Nov 2017

views:46

back

See how students score more with a no annual fee credit card with cashback and purchase protection

How to add your Royal Bank card to Apple Pay

Watch our video to see how to add your Royal Bank card to Apple Pay.
Available on selected Royal Bank personal current accounts and Royal Bank MasterCard credi...

Watch our video to see how to add your Royal Bank card to Apple Pay.
Available on selected Royal Bank personal current accounts and Royal Bank MasterCard credit cards.
For more information visit rbs.co.uk/applepay

Watch our video to see how to add your Royal Bank card to Apple Pay.
Available on selected Royal Bank personal current accounts and Royal Bank MasterCard credit cards.
For more information visit rbs.co.uk/applepay

Line of Credit & Loan Payment Calculator – RBC Royal BankExplore the loan calculator to estimate your credit limit or loan payments, see the costs. Open the best price, all-inclusive banking package and get unlimited. Can your loan or line of credit, RBC Royal Bank.
Thanks for watching this video!!!
And Don’t forget Like, Comments, Share and Subscribe.

Line of Credit & Loan Payment Calculator – RBC Royal BankExplore the loan calculator to estimate your credit limit or loan payments, see the costs. Open the best price, all-inclusive banking package and get unlimited. Can your loan or line of credit, RBC Royal Bank.
Thanks for watching this video!!!
And Don’t forget Like, Comments, Share and Subscribe.

Apple Pay is here. To add your Royal Bank card on your iPhone 6, iPad Air 2 or iPad Mini 3, select the 'Passbook' app and follow this simple guide. Available on selected Royal Bank personal current accounts and Royal Bank MasterCard credit cards.
For more information visit rbs.co.uk/applepay

Apple Pay is here. To add your Royal Bank card on your iPhone 6, iPad Air 2 or iPad Mini 3, select the 'Passbook' app and follow this simple guide. Available on selected Royal Bank personal current accounts and Royal Bank MasterCard credit cards.
For more information visit rbs.co.uk/applepay

The Bank That Ran Out Of Money | Inside RBS - The Royal Bank of Scotland

published: 14 May 2017

Architecture and Performance of Royal Bank of Canada’s Online Banking Application

Architecture and Performance of Royal Bank of Canada’s Online Banking Application on Cloud FoundryPlatform [I] - Surya V Duggirala, IBM & Milorad Stefanovic, Royal Bank of Canada
As more and more Banking applications are being deployed on Cloud Foundry cloud platform, it is essential to understand their performance characteristics. In this session, we will discuss the architectural and performance characteristics of customer facing retail Online Banking application of Royal Bank of Canada on Cloud Foundry Platform. This session covers some of the specific performance challenges encountered and a prescriptive guidance to resolve them which will be applicable for many other Banking applications. This session also discusses other RBC applications in production on Cloud Foundry.
Milorad...

The U.S embargo, The Royal Bank of Canada and Opening a U.S account for a Cuban Canadian Citizen

The U.S embargo affects Cubans all over the world. Even though immigrants Cubans are able to have U.S dollars accounts in the U.S.A despite not being citizens of that country, it is a hassle for Cubans in other places to achieve the same purpose even if they are citizens of the country .
In my opinion, The Royal Bank of Canada is ill prepared to dealing with this situation. As a client, I feel discriminated against, mistreated and my rights violated. This audio is self explanatory.

How Banks Work Documentary

How BanksWorkDocumentary
The very first banks were probably the religious temples of the ancient world. In them were stored gold in the form of easy to carry compressed plates. Their owners justly felt that temples were the safest places to store their gold as they were constantly attended, well built and were sacred, thus deterring would-be thieves. There are extant records of loans from the 18th Century BC in Babylon that were made by temple priests to merchants.
Ancient Greece holds further evidence of banking. Greek temples as well as private and civic entities conducted financial transactions such as loans, deposits, currency exchange, and validation of coinage. Interestingly, there is evidence too of credit, whereby in return for a payment from a client, a Money Lender in one Gre...

How to Make a Billion Dollars in a Year: Wall Street, Stocks, Mortgages, and Financial Crisis (2010)

In 2005, Paulson became concerned about weak credit underwriting standards, excessive leverage among financial institutions and a fundamental mispricing of credit risk. To protect its investors against the risk in the financial markets, Paulson purchased protection through credit default swaps on debt securities they thought would decline in value due to weak credit underwriting.
As credit spreads widened and the value of these securities fell, Paulson realized substantial gains for investors and is reported to have earned $15 billion with $12.5 billion in assets under management in 2007.
In December 2009, the New York Times reported that Paulson had profited during the financial crisis of 2007 by betting against synthetic collateralized debt obligations (CDOs).
On April 19, 2010, the W...

Banking on the digital office

Digital disruption and its effects on customers, workplace colleagues, and businesses as a whole is dramatically shifting the landscape in Financial Services, giving rise to unprecedented rates of change, new competitors and ever increasing expectations of customer service. Financial service firms need to reimagine how they enable transformation in their workplace to harness innovation at pace through better, more effective collaboration and more productive workplaces, whilst still reducing operating costs and adhering to strict security and compliance measures.
Traditionally, investments in workplace technology have taken second place, in favor of investment in new customer facing digital products and services. But as digital pervades every aspect of our personal and working lives, busin...

Interview with Ian Fraser, journalist, blogger and author of 'Shredded: The Rise and Fall of RBS' He discusses banking, fraud and the terrible practices of RBS - including Global Restructuring Group (GRG) deliberately engineering the default of viable companies and then asset stripping them, pension funds fraud, and persecuting individuals who try to bring legal cases against them. Descent into mass criminality in the City of London who now seem to have resorted to being attractive as the most criminal financial centre in the war where everybody knows that nobody will be prosecuted for any crime. CPS, SFO and City of London police are so corrupt that Prosecutions for crimes taking place in the City of London are now only taking place in the US: SFO left shamefaced after US nails City fraud...

Architecture and Performance of Royal Bank of Canada’s Online Banking Application on Cloud FoundryPlatform [I] - Surya V Duggirala, IBM & Milorad Stefanovic, Royal Bank of Canada
As more and more Banking applications are being deployed on Cloud Foundry cloud platform, it is essential to understand their performance characteristics. In this session, we will discuss the architectural and performance characteristics of customer facing retail Online Banking application of Royal Bank of Canada on Cloud Foundry Platform. This session covers some of the specific performance challenges encountered and a prescriptive guidance to resolve them which will be applicable for many other Banking applications. This session also discusses other RBC applications in production on Cloud Foundry.
Milorad Stefanovic
SeniorDirector, DigitalBusiness Channels, Royal Bank of Canada
Surya V Duggirala
IBM
STSM, IBM Watson and Cloud Platform Architecture & Performance EngineeringGreaterMinneapolis-St. PaulArea
Surya Duggirala is IBM STSM responsible for Architecture and Performance of IBM Bluemix Cloud Platform. He directs a globally distributed team responsible for Bluemix performance engineering. He also leads Cloud Architecture SolutionEngineering performance workgroup focused on various industry domain architectures. His special interests include designing microservices applications using scripting and cognitive technologies targeted for cloud. As a GlobalTechnical Ambassador (GTA), he works with many customers, partners and ISVs across the world on cloud, application integration, performance and architecture.

Architecture and Performance of Royal Bank of Canada’s Online Banking Application on Cloud FoundryPlatform [I] - Surya V Duggirala, IBM & Milorad Stefanovic, Royal Bank of Canada
As more and more Banking applications are being deployed on Cloud Foundry cloud platform, it is essential to understand their performance characteristics. In this session, we will discuss the architectural and performance characteristics of customer facing retail Online Banking application of Royal Bank of Canada on Cloud Foundry Platform. This session covers some of the specific performance challenges encountered and a prescriptive guidance to resolve them which will be applicable for many other Banking applications. This session also discusses other RBC applications in production on Cloud Foundry.
Milorad Stefanovic
SeniorDirector, DigitalBusiness Channels, Royal Bank of Canada
Surya V Duggirala
IBM
STSM, IBM Watson and Cloud Platform Architecture & Performance EngineeringGreaterMinneapolis-St. PaulArea
Surya Duggirala is IBM STSM responsible for Architecture and Performance of IBM Bluemix Cloud Platform. He directs a globally distributed team responsible for Bluemix performance engineering. He also leads Cloud Architecture SolutionEngineering performance workgroup focused on various industry domain architectures. His special interests include designing microservices applications using scripting and cognitive technologies targeted for cloud. As a GlobalTechnical Ambassador (GTA), he works with many customers, partners and ISVs across the world on cloud, application integration, performance and architecture.

The U.S embargo affects Cubans all over the world. Even though immigrants Cubans are able to have U.S dollars accounts in the U.S.A despite not being citizens of that country, it is a hassle for Cubans in other places to achieve the same purpose even if they are citizens of the country .
In my opinion, The Royal Bank of Canada is ill prepared to dealing with this situation. As a client, I feel discriminated against, mistreated and my rights violated. This audio is self explanatory.

The U.S embargo affects Cubans all over the world. Even though immigrants Cubans are able to have U.S dollars accounts in the U.S.A despite not being citizens of that country, it is a hassle for Cubans in other places to achieve the same purpose even if they are citizens of the country .
In my opinion, The Royal Bank of Canada is ill prepared to dealing with this situation. As a client, I feel discriminated against, mistreated and my rights violated. This audio is self explanatory.

How Banks Work Documentary

How BanksWorkDocumentary
The very first banks were probably the religious temples of the ancient world. In them were stored gold in the form of easy to carry...

How BanksWorkDocumentary
The very first banks were probably the religious temples of the ancient world. In them were stored gold in the form of easy to carry compressed plates. Their owners justly felt that temples were the safest places to store their gold as they were constantly attended, well built and were sacred, thus deterring would-be thieves. There are extant records of loans from the 18th Century BC in Babylon that were made by temple priests to merchants.
Ancient Greece holds further evidence of banking. Greek temples as well as private and civic entities conducted financial transactions such as loans, deposits, currency exchange, and validation of coinage. Interestingly, there is evidence too of credit, whereby in return for a payment from a client, a Money Lender in one Greek port would write a credit note for the client who could "cash" the note in another city, saving the client the danger of carting coinage with him on his journey.
Ancient Rome perfected the administrative aspect of banking and saw greater regulation of financial institutions and financial practices. Charging interest on loans and paying interest on deposits became more highly developed and competitive. The ascent of Christianity in Rome and its influence restricted banking, as the charging of interest and usury were seen as immoral. Jewish entrepreneurs, free of Christian taboos about money, established themselves in the provision of financial services increasingly demanded by the expansion of European trade and commerce.
The modern Western economic and financial heritage begins as early as the establishment of Jonathan's Coffee-House, which later became the London Stock Exchange. This became a base for stock traders expelled from the Royal Exchange. In 1698 JohnCasting, began publishing a twice weekly newsletter of share and commodity prices, which he sold at Jonathan's. One of the oldest LondonBanking institutions still operating today is Barclay Bank, which was founded by John Frame and Thomas Gould in 1690. The bank was renamed to Barclay by Frame's son-in-law, James Barclay, in 1736.
With the coming of democratic capitalism, around the time of Adam Smith (1776) there was a massive growth in the banking industry. Within the new system of ownership and investment, moneyholders were able to reduce the State's intervention in economic affairs, remove barriers to competition, and, in general, allow anyone willing to work hard enough-and who also has access to capital-to become a capitalist. It wasn't until over 100 years after Adam Smith, however, that companies began to apply his policies in large scale and shift the financial power from England to America.
By the early 1900sNew York was beginning to emerge as the world's leading financial center. Companies and individuals acquired large investments in (other) companies in the US and Europe, resulting in the first true market integration. This comparatively high level of market integration proved especially beneficial when World War I came-both sides in the conflict sought funds from the United States, by issuing new securities and selling existing holdings, though the Allied Powers raised by far the larger amounts. Being a lender to the world resulted in the largest growth of a financial economy to that point.
Global banking and capital market services proliferated during the 1980s and 1990s as a result of a great increase in demand from companies, governments, and financial institutions, but also because financial market conditions were on the whole, bullish. Nevertheless, in recent years, the dominance of U.S. financial markets has been disappearing and there has been an increasing interest in foreign stocks. The extraordinary growth of foreign financial markets results from both large increases in the pool of savings in foreign countries, such as Japan, and, especially, the deregulation of foreign financial markets, which has enabled them to expand their activities. Thus, corporations and bank have started seeking investment opportunity abroad. Such growing internationalization and opportunity in financial services has entirely changed the competitive landscape, as now many banks have demonstrated a preference for the "universal banking" model so prevalent in Europe. Universal banks are free to engage in all forms of financial services, make investments in client companies, and function as much as possible as a "one-stop" supplier of both retail and wholesale financial services.

How BanksWorkDocumentary
The very first banks were probably the religious temples of the ancient world. In them were stored gold in the form of easy to carry compressed plates. Their owners justly felt that temples were the safest places to store their gold as they were constantly attended, well built and were sacred, thus deterring would-be thieves. There are extant records of loans from the 18th Century BC in Babylon that were made by temple priests to merchants.
Ancient Greece holds further evidence of banking. Greek temples as well as private and civic entities conducted financial transactions such as loans, deposits, currency exchange, and validation of coinage. Interestingly, there is evidence too of credit, whereby in return for a payment from a client, a Money Lender in one Greek port would write a credit note for the client who could "cash" the note in another city, saving the client the danger of carting coinage with him on his journey.
Ancient Rome perfected the administrative aspect of banking and saw greater regulation of financial institutions and financial practices. Charging interest on loans and paying interest on deposits became more highly developed and competitive. The ascent of Christianity in Rome and its influence restricted banking, as the charging of interest and usury were seen as immoral. Jewish entrepreneurs, free of Christian taboos about money, established themselves in the provision of financial services increasingly demanded by the expansion of European trade and commerce.
The modern Western economic and financial heritage begins as early as the establishment of Jonathan's Coffee-House, which later became the London Stock Exchange. This became a base for stock traders expelled from the Royal Exchange. In 1698 JohnCasting, began publishing a twice weekly newsletter of share and commodity prices, which he sold at Jonathan's. One of the oldest LondonBanking institutions still operating today is Barclay Bank, which was founded by John Frame and Thomas Gould in 1690. The bank was renamed to Barclay by Frame's son-in-law, James Barclay, in 1736.
With the coming of democratic capitalism, around the time of Adam Smith (1776) there was a massive growth in the banking industry. Within the new system of ownership and investment, moneyholders were able to reduce the State's intervention in economic affairs, remove barriers to competition, and, in general, allow anyone willing to work hard enough-and who also has access to capital-to become a capitalist. It wasn't until over 100 years after Adam Smith, however, that companies began to apply his policies in large scale and shift the financial power from England to America.
By the early 1900sNew York was beginning to emerge as the world's leading financial center. Companies and individuals acquired large investments in (other) companies in the US and Europe, resulting in the first true market integration. This comparatively high level of market integration proved especially beneficial when World War I came-both sides in the conflict sought funds from the United States, by issuing new securities and selling existing holdings, though the Allied Powers raised by far the larger amounts. Being a lender to the world resulted in the largest growth of a financial economy to that point.
Global banking and capital market services proliferated during the 1980s and 1990s as a result of a great increase in demand from companies, governments, and financial institutions, but also because financial market conditions were on the whole, bullish. Nevertheless, in recent years, the dominance of U.S. financial markets has been disappearing and there has been an increasing interest in foreign stocks. The extraordinary growth of foreign financial markets results from both large increases in the pool of savings in foreign countries, such as Japan, and, especially, the deregulation of foreign financial markets, which has enabled them to expand their activities. Thus, corporations and bank have started seeking investment opportunity abroad. Such growing internationalization and opportunity in financial services has entirely changed the competitive landscape, as now many banks have demonstrated a preference for the "universal banking" model so prevalent in Europe. Universal banks are free to engage in all forms of financial services, make investments in client companies, and function as much as possible as a "one-stop" supplier of both retail and wholesale financial services.

Speaker(s): Stephen HesterChair: ProfessorCraig Calhoun
Recorded on 1 October 2012 in Sheikh ZayedTheatre, New AcademicBuilding.
Stephen Hester took over as Royal Bank of ScotlandCEO after the UK Government was forced to rescue the bank from the brink of collapse during the financial crisis. Three and a half years after launching its recovery plan, the bank is in much stronger health. But like the rest of the banking industry, RBS continues to confront serious reputational damage as past mistakes slowly come into full view of regulators, media, and the wider public. Hester will explain how a key linking factor behind the scandals currently affecting the industry has been its approach to customers. And he will argue that improving that approach is the key to fixing both the culture and performance of the banks we all rely on.
Stephen Hester was appointed group chief executive of RBS Group on 21 November 2008. He was previously chief executive of The British Land CompanyPLC, chief operating officer of Abbey National plc and prior to that held positions with Credit Suisse First Boston including chief financial officer, head of fixed income and co-head of European investment banking. In 2008 he served as a non-executive director of Northern Rock plc.
mp3 audio podcast available here - http://www2.lse.ac.uk/newsAndMedia/videoAndAudio/channels/publicLecturesAndEvents/player.aspx?id=1574

Speaker(s): Stephen HesterChair: ProfessorCraig Calhoun
Recorded on 1 October 2012 in Sheikh ZayedTheatre, New AcademicBuilding.
Stephen Hester took over as Royal Bank of ScotlandCEO after the UK Government was forced to rescue the bank from the brink of collapse during the financial crisis. Three and a half years after launching its recovery plan, the bank is in much stronger health. But like the rest of the banking industry, RBS continues to confront serious reputational damage as past mistakes slowly come into full view of regulators, media, and the wider public. Hester will explain how a key linking factor behind the scandals currently affecting the industry has been its approach to customers. And he will argue that improving that approach is the key to fixing both the culture and performance of the banks we all rely on.
Stephen Hester was appointed group chief executive of RBS Group on 21 November 2008. He was previously chief executive of The British Land CompanyPLC, chief operating officer of Abbey National plc and prior to that held positions with Credit Suisse First Boston including chief financial officer, head of fixed income and co-head of European investment banking. In 2008 he served as a non-executive director of Northern Rock plc.
mp3 audio podcast available here - http://www2.lse.ac.uk/newsAndMedia/videoAndAudio/channels/publicLecturesAndEvents/player.aspx?id=1574

published:12 Oct 2012

views:1823

back

How to Make a Billion Dollars in a Year: Wall Street, Stocks, Mortgages, and Financial Crisis (2010)

In 2005, Paulson became concerned about weak credit underwriting standards, excessive leverage among financial institutions and a fundamental mispricing of cred...

In 2005, Paulson became concerned about weak credit underwriting standards, excessive leverage among financial institutions and a fundamental mispricing of credit risk. To protect its investors against the risk in the financial markets, Paulson purchased protection through credit default swaps on debt securities they thought would decline in value due to weak credit underwriting.
As credit spreads widened and the value of these securities fell, Paulson realized substantial gains for investors and is reported to have earned $15 billion with $12.5 billion in assets under management in 2007.
In December 2009, the New York Times reported that Paulson had profited during the financial crisis of 2007 by betting against synthetic collateralized debt obligations (CDOs).
On April 19, 2010, the Wall Street Journal reported that Paulson employee Paolo Pellegrini was the point man in Paulson's investment in subprime mortgages.
In 2008, Paulson believed that credit problems would expand beyond subprime mortgages to include areas of consumer, auto, commercial and corporate credit, and that the rising credit costs would continue to stress financial institutions causing spreads to widen and causing certain institutions to fail. This bearish outlook on the credit markets led them to take short positions in some large financial institutions in the US and the UK with high degrees of leverage, high concentrations of assets in deteriorating sectors and rising credit costs. Sectors include mortgage finance companies, specialty finance companies and regional, national, and global banks.
In September 2008, Paulson bet against four of the five biggest British banks including a £350m bet against Barclays; £292m against Royal Bank of Scotland; and £260m against Lloyds TSB. Paulson is reported to have earned a total of £280m after reducing its short position in RBS in January 2009.
To help protect these bets, PCI and others successfully prevented attempts to limit foreclosures and rework mortgage loans.
Following the collapse of Lehman Brothers in the fall of 2008 and the subsequent turmoil in the markets, Paulson launched a fund at the end of 2008 dedicated to restructuring and/or recapitalizing companies such as investment banks and other hedge funds currently feeling the pressure of the more than $345 billion of write downs resulting from under-performing assets linked to the housing market. By providing capital to companies at trough valuations, thus enabling them to survive beyond the crisis, Paulson believed there would be considerable upside potential through a subsequent recovery in the equity of these companies. Companies in the fund that benefited from such recapitalizations were largely concentrated in the financial, insurance and hotel sectors.
Amongst some of the holdings disclosed in Paulson's June 30, 2009 13F filings were 2 million shares of Goldman Sachs as well as 35 million shares in Regions Financial Paulson also purchased shares of Bank of America in the spring of 2009 when the bank was forced to recapitalize its balance sheet following the results of the bank stress tests conducted by the US government, and was reported to have a 1.22% stake in the bank in 2011. According to certain sources, Paulson purchased the shares expecting the stock to double by 2011.
After the 2008 Stock Market crash, Paulson's investment in Citigroup reportedly generated $1 billion from the original investment in 2009 through the end of 2010, called by reporters the "Betting on Citigroup". Mr. Paulson stated that the investment in Citigroup "demonstrates the upside potential of many of the restructuring investments we have added to our porfolio and our ability to generate above-average returns in large positions"
In November 2009 Paulson announced a gold fund focused on gold mining stocks and gold-related investments. Paulson believed that the massive amount of balance sheet expansion through monetary stimulus undertaken by the Federal Reserve and other central banks would eventually lead to inflation in the US dollar and other fiat currencies. In such an environment, gold would become the alternative currency of choice for investors globally, causing the value of gold to increase significantly.
Paulson also has a long track record of investing in distressed debt, bankruptcies and restructurings. The 2008-2009 financial crisis resulted in a record high level of defaults and bankruptcies across numerous industries, and Paulson was a large investor in many of the largest and most prominent ones, including the Lehman Brothers bankruptcy and liquidation.
http://en.wikipedia.org/wiki/Paulson_%26_Co.

In 2005, Paulson became concerned about weak credit underwriting standards, excessive leverage among financial institutions and a fundamental mispricing of credit risk. To protect its investors against the risk in the financial markets, Paulson purchased protection through credit default swaps on debt securities they thought would decline in value due to weak credit underwriting.
As credit spreads widened and the value of these securities fell, Paulson realized substantial gains for investors and is reported to have earned $15 billion with $12.5 billion in assets under management in 2007.
In December 2009, the New York Times reported that Paulson had profited during the financial crisis of 2007 by betting against synthetic collateralized debt obligations (CDOs).
On April 19, 2010, the Wall Street Journal reported that Paulson employee Paolo Pellegrini was the point man in Paulson's investment in subprime mortgages.
In 2008, Paulson believed that credit problems would expand beyond subprime mortgages to include areas of consumer, auto, commercial and corporate credit, and that the rising credit costs would continue to stress financial institutions causing spreads to widen and causing certain institutions to fail. This bearish outlook on the credit markets led them to take short positions in some large financial institutions in the US and the UK with high degrees of leverage, high concentrations of assets in deteriorating sectors and rising credit costs. Sectors include mortgage finance companies, specialty finance companies and regional, national, and global banks.
In September 2008, Paulson bet against four of the five biggest British banks including a £350m bet against Barclays; £292m against Royal Bank of Scotland; and £260m against Lloyds TSB. Paulson is reported to have earned a total of £280m after reducing its short position in RBS in January 2009.
To help protect these bets, PCI and others successfully prevented attempts to limit foreclosures and rework mortgage loans.
Following the collapse of Lehman Brothers in the fall of 2008 and the subsequent turmoil in the markets, Paulson launched a fund at the end of 2008 dedicated to restructuring and/or recapitalizing companies such as investment banks and other hedge funds currently feeling the pressure of the more than $345 billion of write downs resulting from under-performing assets linked to the housing market. By providing capital to companies at trough valuations, thus enabling them to survive beyond the crisis, Paulson believed there would be considerable upside potential through a subsequent recovery in the equity of these companies. Companies in the fund that benefited from such recapitalizations were largely concentrated in the financial, insurance and hotel sectors.
Amongst some of the holdings disclosed in Paulson's June 30, 2009 13F filings were 2 million shares of Goldman Sachs as well as 35 million shares in Regions Financial Paulson also purchased shares of Bank of America in the spring of 2009 when the bank was forced to recapitalize its balance sheet following the results of the bank stress tests conducted by the US government, and was reported to have a 1.22% stake in the bank in 2011. According to certain sources, Paulson purchased the shares expecting the stock to double by 2011.
After the 2008 Stock Market crash, Paulson's investment in Citigroup reportedly generated $1 billion from the original investment in 2009 through the end of 2010, called by reporters the "Betting on Citigroup". Mr. Paulson stated that the investment in Citigroup "demonstrates the upside potential of many of the restructuring investments we have added to our porfolio and our ability to generate above-average returns in large positions"
In November 2009 Paulson announced a gold fund focused on gold mining stocks and gold-related investments. Paulson believed that the massive amount of balance sheet expansion through monetary stimulus undertaken by the Federal Reserve and other central banks would eventually lead to inflation in the US dollar and other fiat currencies. In such an environment, gold would become the alternative currency of choice for investors globally, causing the value of gold to increase significantly.
Paulson also has a long track record of investing in distressed debt, bankruptcies and restructurings. The 2008-2009 financial crisis resulted in a record high level of defaults and bankruptcies across numerous industries, and Paulson was a large investor in many of the largest and most prominent ones, including the Lehman Brothers bankruptcy and liquidation.
http://en.wikipedia.org/wiki/Paulson_%26_Co.

Banking on the digital office

Digital disruption and its effects on customers, workplace colleagues, and businesses as a whole is dramatically shifting the landscape in Financial Services, g...

Digital disruption and its effects on customers, workplace colleagues, and businesses as a whole is dramatically shifting the landscape in Financial Services, giving rise to unprecedented rates of change, new competitors and ever increasing expectations of customer service. Financial service firms need to reimagine how they enable transformation in their workplace to harness innovation at pace through better, more effective collaboration and more productive workplaces, whilst still reducing operating costs and adhering to strict security and compliance measures.
Traditionally, investments in workplace technology have taken second place, in favor of investment in new customer facing digital products and services. But as digital pervades every aspect of our personal and working lives, businesses need to invest in new digital ways of working for their internal colleagues, as much as they do for their customers. This will be a key battleground in fostering greater customer intimacy, trust and advocacy whilst attracting and retaining the best organizational talent and beating competition.
Steve Wood from RBS shares his insight on how they have taken an organization wide approach to their digital office, basing their investments on the business value of workplace technology and a colleague centric approach to the needs of their business. This is bringing the promise of significant cost savings and providing RBS with an agile, collaborative and productive workplace environment.
Speaker:
Steve Wood
Raman Ramankrishna

Digital disruption and its effects on customers, workplace colleagues, and businesses as a whole is dramatically shifting the landscape in Financial Services, giving rise to unprecedented rates of change, new competitors and ever increasing expectations of customer service. Financial service firms need to reimagine how they enable transformation in their workplace to harness innovation at pace through better, more effective collaboration and more productive workplaces, whilst still reducing operating costs and adhering to strict security and compliance measures.
Traditionally, investments in workplace technology have taken second place, in favor of investment in new customer facing digital products and services. But as digital pervades every aspect of our personal and working lives, businesses need to invest in new digital ways of working for their internal colleagues, as much as they do for their customers. This will be a key battleground in fostering greater customer intimacy, trust and advocacy whilst attracting and retaining the best organizational talent and beating competition.
Steve Wood from RBS shares his insight on how they have taken an organization wide approach to their digital office, basing their investments on the business value of workplace technology and a colleague centric approach to the needs of their business. This is bringing the promise of significant cost savings and providing RBS with an agile, collaborative and productive workplace environment.
Speaker:
Steve Wood
Raman Ramankrishna

Interview with Ian Fraser, journalist, blogger and author of 'Shredded: The Rise and Fall of RBS' He discusses banking, fraud and the terrible practices of RBS - including Global Restructuring Group (GRG) deliberately engineering the default of viable companies and then asset stripping them, pension funds fraud, and persecuting individuals who try to bring legal cases against them. Descent into mass criminality in the City of London who now seem to have resorted to being attractive as the most criminal financial centre in the war where everybody knows that nobody will be prosecuted for any crime. CPS, SFO and City of London police are so corrupt that Prosecutions for crimes taking place in the City of London are now only taking place in the US: SFO left shamefaced after US nails City fraudster. Commercial Lending in the UK is unregulated. Ed Pennings of State Street overcharged clients by £12.2m = Gross Misconduct, fined £23m on 31st January 2014 by Financial Conduct Authority (FCA). HBOS Nine charged with blackmail, etc. etc. Andrew Bailey, no. 2 at Financial Services Authority (FSA) knew Co-operative bank had liquidity and capital problems but pushed through the bank as preferred bidder for sale of Lloyds branches agreed with the European Union (EU). NatWest Three committed massive fraud at Enron. Lawrence Tomlinson's November 2013 report into GRG: Royal Bank of Scotland's DerekCarlisle of Global Restructuring Group (GRG) said "We will destroy you and your family" and did. GRG's 'malicious', 'vindictive' and 'nasty' intimidate solicitors saying "We're going to hound you".
http://politicsthisweek.wordpress.com/2014/01/31/35144/
The Royal Bank of Scotland was once one of the most successful and profitable financial institutions in the world; revered, admired and trusted by millions of savers and investors. A trusted employer for tens of thousands of people, with branches on nearly every high street in the land. Now, the very mention of the bank's name causes fury and resentment, and the former CEO, Fred Goodwin, is regarded by many as the one of the principal culprits of the worst financial crash since 1929. Now, for the first time, award-winning financial journalist Ian Fraser reveals how the 'light touch, limited touch' approach to financial regulation of New Labour and the aggressive, confrontational, autocratic and reckless style of Fred Goodwin led to disaster, not just for the Royal Bank of Scotland, but for everyone in the UK. And as more toxic secrets are revealed about Libor rate fixing and excessive bonuses, he looks at the future for the bank and examines its chances of ever regaining the public's trust.
http://www.waterstones.com/waterstonesweb/products/ian+fraser/shredded/9743413/
RBS -- From RegalBackbone of Scotland to Reckless Banking ServiceFebruary 1st, 2012 · Occupy Content · Blog No comments
By JamieMann and Chris Sharp
http://occupyedinburgh.org/blog/rbs-from-regal-backbone-of-scotland-to-reckless-banking-service/
The Royal Bank of Scotland, Edinburgh's favourite international bank, went from being one of the largest banking groups in the world to a near-collapse in less than a decade. Bailed-out by the government and currently 83% taxpayer owned, one would hope that RBS is a responsible and customer-orientated bank; but is RBS "Here For You" or is it simply another corporate entity addicted to profit?
For many Scots RBS signified a strong national institution, one with them in mind and working in the best interests of Scotland. This is evident by the vast number of Scots who still hold their money, investments and pensions through RBS. But the rapid expansion that led this Scottish national treasure to become one of the biggest banks in the world also lead to its sudden collapse and increasing nationalisation.
The downward spiral for RBS happened on the watch of then-Chief Executive Fred Goodwin. While bad investments and unjustified spending can land the common man in hot water risking unmanageable debt, bankruptcy and even homelessness; Goodwin's reckless actions earned him an early retirement on just £342,500 a year (reduced from £700k), not to mention a generous £2.6m bonus and £2.8m lump sum.
This week Goodwin was stripped of his honours, a step not yet taken even for convicted perjurer JefferyArcher, yet was still defended by some as being 'not a criminal' and 'not intentionally malicious'.
However, in recent months it has emerged that it was his management that had established a specialist tax-avoidance department allowing deals to slip through the cracks of tax laws in several countries. Utilising these loop holes allowed RBS to entangle £25bn in tax-avoidance schemes while the US and UK treasuries saw losses of £500m in tax revenue according to the Guardian.
More recently, RBS drained £5bn from the European Central Bank, a quarter of the £20bn wholesale funding RBS aims to recoup this year. (Source: The Telegraph)

Interview with Ian Fraser, journalist, blogger and author of 'Shredded: The Rise and Fall of RBS' He discusses banking, fraud and the terrible practices of RBS - including Global Restructuring Group (GRG) deliberately engineering the default of viable companies and then asset stripping them, pension funds fraud, and persecuting individuals who try to bring legal cases against them. Descent into mass criminality in the City of London who now seem to have resorted to being attractive as the most criminal financial centre in the war where everybody knows that nobody will be prosecuted for any crime. CPS, SFO and City of London police are so corrupt that Prosecutions for crimes taking place in the City of London are now only taking place in the US: SFO left shamefaced after US nails City fraudster. Commercial Lending in the UK is unregulated. Ed Pennings of State Street overcharged clients by £12.2m = Gross Misconduct, fined £23m on 31st January 2014 by Financial Conduct Authority (FCA). HBOS Nine charged with blackmail, etc. etc. Andrew Bailey, no. 2 at Financial Services Authority (FSA) knew Co-operative bank had liquidity and capital problems but pushed through the bank as preferred bidder for sale of Lloyds branches agreed with the European Union (EU). NatWest Three committed massive fraud at Enron. Lawrence Tomlinson's November 2013 report into GRG: Royal Bank of Scotland's DerekCarlisle of Global Restructuring Group (GRG) said "We will destroy you and your family" and did. GRG's 'malicious', 'vindictive' and 'nasty' intimidate solicitors saying "We're going to hound you".
http://politicsthisweek.wordpress.com/2014/01/31/35144/
The Royal Bank of Scotland was once one of the most successful and profitable financial institutions in the world; revered, admired and trusted by millions of savers and investors. A trusted employer for tens of thousands of people, with branches on nearly every high street in the land. Now, the very mention of the bank's name causes fury and resentment, and the former CEO, Fred Goodwin, is regarded by many as the one of the principal culprits of the worst financial crash since 1929. Now, for the first time, award-winning financial journalist Ian Fraser reveals how the 'light touch, limited touch' approach to financial regulation of New Labour and the aggressive, confrontational, autocratic and reckless style of Fred Goodwin led to disaster, not just for the Royal Bank of Scotland, but for everyone in the UK. And as more toxic secrets are revealed about Libor rate fixing and excessive bonuses, he looks at the future for the bank and examines its chances of ever regaining the public's trust.
http://www.waterstones.com/waterstonesweb/products/ian+fraser/shredded/9743413/
RBS -- From RegalBackbone of Scotland to Reckless Banking ServiceFebruary 1st, 2012 · Occupy Content · Blog No comments
By JamieMann and Chris Sharp
http://occupyedinburgh.org/blog/rbs-from-regal-backbone-of-scotland-to-reckless-banking-service/
The Royal Bank of Scotland, Edinburgh's favourite international bank, went from being one of the largest banking groups in the world to a near-collapse in less than a decade. Bailed-out by the government and currently 83% taxpayer owned, one would hope that RBS is a responsible and customer-orientated bank; but is RBS "Here For You" or is it simply another corporate entity addicted to profit?
For many Scots RBS signified a strong national institution, one with them in mind and working in the best interests of Scotland. This is evident by the vast number of Scots who still hold their money, investments and pensions through RBS. But the rapid expansion that led this Scottish national treasure to become one of the biggest banks in the world also lead to its sudden collapse and increasing nationalisation.
The downward spiral for RBS happened on the watch of then-Chief Executive Fred Goodwin. While bad investments and unjustified spending can land the common man in hot water risking unmanageable debt, bankruptcy and even homelessness; Goodwin's reckless actions earned him an early retirement on just £342,500 a year (reduced from £700k), not to mention a generous £2.6m bonus and £2.8m lump sum.
This week Goodwin was stripped of his honours, a step not yet taken even for convicted perjurer JefferyArcher, yet was still defended by some as being 'not a criminal' and 'not intentionally malicious'.
However, in recent months it has emerged that it was his management that had established a specialist tax-avoidance department allowing deals to slip through the cracks of tax laws in several countries. Utilising these loop holes allowed RBS to entangle £25bn in tax-avoidance schemes while the US and UK treasuries saw losses of £500m in tax revenue according to the Guardian.
More recently, RBS drained £5bn from the European Central Bank, a quarter of the £20bn wholesale funding RBS aims to recoup this year. (Source: The Telegraph)

WatchSmall StepsGiant Leaps, the Google+ Hangout on Air with RBS & NatWest and Google UK.
The Panel including
*AronThompson, DigitalDirector for Business & Commercial Banking - Royal Bank of Scotland
*Peter Ibbetson, Chairman of Business Banking - NatWest and RBS
*James Cashmore, Director, Retail - Google
*AdrianJoseph, Director SearchAdvertising Solutions, Northern Europe - Google
and hosted by Mike Ramsden discuss what can you do to make sure you remain competitive in todays environment?
Developing a business takes a combination of skill, innovation and drive (along with a bit of luck). Growing your business online can be much the same - you need to arm yourself with the right strategy and tools to succeed.
New research* from RBS & NatWest shows that many small businesses are finding it particularly difficult to compete online, while those that have adapted successfully are reaping the rewards. In light of this, Google and RBS & NatWest are pleased to invite you to a live Google+ Hangout on Air, delivering practical advice around how you can build your business successfully online, using the business acumen you apply to your business offline. You will learn about tools to help you get on your way and have access to a Google AdWords promotion, giving you free advertising credit to perfect your skills.**
*527 SMEs were surveyed between 3rd and 9th May 2013 by Opinium
**RBS, NatWest and Bizcrowd are not affiliated with the Google AdWords promotion. This is a promotion offer from Google.

WatchSmall StepsGiant Leaps, the Google+ Hangout on Air with RBS & NatWest and Google UK.
The Panel including
*AronThompson, DigitalDirector for Business & Commercial Banking - Royal Bank of Scotland
*Peter Ibbetson, Chairman of Business Banking - NatWest and RBS
*James Cashmore, Director, Retail - Google
*AdrianJoseph, Director SearchAdvertising Solutions, Northern Europe - Google
and hosted by Mike Ramsden discuss what can you do to make sure you remain competitive in todays environment?
Developing a business takes a combination of skill, innovation and drive (along with a bit of luck). Growing your business online can be much the same - you need to arm yourself with the right strategy and tools to succeed.
New research* from RBS & NatWest shows that many small businesses are finding it particularly difficult to compete online, while those that have adapted successfully are reaping the rewards. In light of this, Google and RBS & NatWest are pleased to invite you to a live Google+ Hangout on Air, delivering practical advice around how you can build your business successfully online, using the business acumen you apply to your business offline. You will learn about tools to help you get on your way and have access to a Google AdWords promotion, giving you free advertising credit to perfect your skills.**
*527 SMEs were surveyed between 3rd and 9th May 2013 by Opinium
**RBS, NatWest and Bizcrowd are not affiliated with the Google AdWords promotion. This is a promotion offer from Google.

RBC Students - Bank to School 3 - The World You Don’t Live In (2015)

RBC understands that real students aren’t like what you see in stock videos. See just how committed RBC is to giving Students ‘More’
Get products for students that suit your real life with the RBC StudentSolution:
- 5 free Interac‡ e-Transfers with your RBC Student Banking(R) account
- a low rate student line of credit to help pay for school
- a no annual fee credit card with cash back and purchase protection.

1:35

Get your credit score for free in RBC Online Banking

As an RBC Online Banking client you’ll get FREE access to the TransUnion CreditView Dashbo...

Get your credit score for free in RBC Online Banking

As an RBCOnline Banking client you’ll get FREE access to the TransUnion CreditView Dashboard, where you can view your current credit score and learn how different types of credit can impact it over time.
Learn more: http://www.rbcroyalbank.com/dms/olb/credit-score/index-or.html

Line of Credit & Loan Payment Calculator – RBC Royal Bank

Line of Credit & Loan Payment Calculator – RBC Royal BankExplore the loan calculator to estimate your credit limit or loan payments, see the costs. Open the best price, all-inclusive banking package and get unlimited. Can your loan or line of credit, RBC Royal Bank.
Thanks for watching this video!!!
And Don’t forget Like, Comments, Share and Subscribe.

RBC Avion® Presents: The Infinite List, No. 2

See how Avion® and Visa helped turn a trip to the bank into the trip of a lifetime for these two Avioners®.
Start Avioning today with 15,000 Welcome points†: http://www.rbcroyalbank.com/credit-cards/avion/card_infinite.html?ASC=7AI001
Find out more about The InfiniteList: https://www.visainfinite.ca/infinite/index.jsp?bid=10021249

1:17

Choose the right credit card for your needs

There are many choices when it comes to credit cards. Find the one that's right for you.
...

Choose the right credit card for your needs

There are many choices when it comes to credit cards. Find the one that's right for you.
Try the RBCCredit Card selector tool
http://www.rbcroyalbank.com/cards/tools/select/index.html
Apply for an RBC Credit Card
https://www.rbcroyalbank.com/cgi-bin/cards/cardapp/apply.cgi

0:51

Paying off your line of credit

Wondering how paying off your line of credit works? You have lots of options; check out ho...

RBC Royal Bank Online Banking Login / Sign In - Man of Few Words

Franco'sRBC Royal Bank online banking login and help guide, making things as simple as possible. More RBC Royal Bank details can be found at: http://www.onlinebanking.directory/rbc-royal
RBC Royal Bank home page (as shown above): http://www.rbcroyalbank.com
Turns out the KISS method - Keep It Simple Stupid - is making a comeback. Who are we to go against the trend?

MasterCard, RBC to Test If the Heart is Always True, for Payments at Least

Canadian startup Bionym, maker of a wearable security device dubbed Nymi, is teaming up with credit card giant MasterCard and Royal Bank of Canada to test whether the beat of your heart is true enough to verify payments. Bionym said in a statement on Monday, the trial will allow Royal Bank, Canada's largest bank, Mastercard and customers using the technology to test electrocardiogram-authenticated payments before the end of the year. The new technology comes at a time when large retailers across North America have been grappling with data breaches and the theft of account numbers and other information from payment cards used by customers. Bionym said its Nymi wristband is the world's first biometrically authenticated wearable payment pilot. It said it believes the technology could result in faster, easier financial payments with less risk.
http://feeds.reuters.com/~r/reuters/businessNews/~3/3GIVU910OPY/story01.htm
http://www.wochit.com

1:07

Why a line of credit? Flexibility and Cash Flow!

Wondering what the benefits of a line of credit are? Check out how Sarah and Jack use thei...

RBC Business Cash Back MasterCard Unboxing and Review by Financial Author Ahmed Dawn

RBCBusinessCashBack MasterCard is a good option for those who aren’t looking for anything from a plain vanilla business credit card. Financial author AhmedDawn's insights.
Here are some more videos you may want to check out:
TangerineMoney Back Credit CardCuts Its Cash Back Rewards
https://youtu.be/sAKjPFUMKoA
American ExpressUpdates SimplyCash Preferred Cash Back Credit Card
https://youtu.be/9QzhiR4tyEQ
RBC Business Cash Back MasterCard
https://youtu.be/OJDBd0TpvIY
Is Travel Credit Card Scotiabank Gold American Express Now A Cash Back Credit Card As Well?
https://youtu.be/kmBw_6LOI4k
Which Credit CardsGive the Most Rewards Pointsor Cash Back?
https://youtu.be/uk6XpwdUkS0
The ScotiaMomentumVisaInfinite Credit Card Review
https://youtu.be/7pRCFimIKs4
What Are Some of the Best Cash Back Credit Cards?
https://youtu.be/dkBCBo36eNw
Never Settle for Cash Back Rewards Credit Cards
https://youtu.be/4j6mLR3kke4
How to Pick Rewards Credit Cards
https://youtu.be/Ey_s-4MzJig
TD Cash Back Visa Infinite Credit Card
https://youtu.be/T_dr7bKultk

0:51

Kidsplanations Episode 1 – Credit Score

Credit scores can be complex. Here's a definition so simple, even a kid can explain it! Fo...

Kidsplanations Episode 1 – Credit Score

Credit scores can be complex. Here's a definition so simple, even a kid can explain it! For more Kidsplanations, check out https://discover.rbcroyalbank.com/kidsplanations-episode-2-debt-consolidation/

0:31

Whoa! RBC with Apple Pay: Fast. Easy. Secure.

RBC with Apple Pay is the FAST and EASY way to pay for everyday purchases.
Now you can e...

Whoa! RBC with Apple Pay: Fast. Easy. Secure.

RBC with Apple Pay is the FAST and EASY way to pay for everyday purchases.
Now you can enjoy all the benefits of using your RBC® PersonalCredit or Debit card with Apple Pay on your iPhone or Apple Watch. Paying in stores has never been easier or more convenient. Learn more at www.rbc.com/apple-pay

Architecture and Performance of Royal Bank of Canada’s Online Banking Application

Architecture and Performance of Royal Bank of Canada’s Online Banking Application on Cloud FoundryPlatform [I] - Surya V Duggirala, IBM & Milorad Stefanovic, Royal Bank of Canada
As more and more Banking applications are being deployed on Cloud Foundry cloud platform, it is essential to understand their performance characteristics. In this session, we will discuss the architectural and performance characteristics of customer facing retail Online Banking application of Royal Bank of Canada on Cloud Foundry Platform. This session covers some of the specific performance challenges encountered and a prescriptive guidance to resolve them which will be applicable for many other Banking applications. This session also discusses other RBC applications in production on Cloud Foundry.
Milorad Stefanovic
SeniorDirector, DigitalBusiness Channels, Royal Bank of Canada
Surya V Duggirala
IBM
STSM, IBM Watson and Cloud Platform Architecture & Performance EngineeringGreaterMinneapolis-St. PaulArea
Surya Duggirala is IBM STSM responsible for Architecture and Performance of IBM Bluemix Cloud Platform. He directs a globally distributed team responsible for Bluemix performance engineering. He also leads Cloud Architecture SolutionEngineering performance workgroup focused on various industry domain architectures. His special interests include designing microservices applications using scripting and cognitive technologies targeted for cloud. As a GlobalTechnical Ambassador (GTA), he works with many customers, partners and ISVs across the world on cloud, application integration, performance and architecture.

The U.S embargo, The Royal Bank of Canada and Opening a U.S account for a Cuban Canadian Citizen

The U.S embargo affects Cubans all over the world. Even though immigrants Cubans are able to have U.S dollars accounts in the U.S.A despite not being citizens of that country, it is a hassle for Cubans in other places to achieve the same purpose even if they are citizens of the country .
In my opinion, The Royal Bank of Canada is ill prepared to dealing with this situation. As a client, I feel discriminated against, mistreated and my rights violated. This audio is self explanatory.

How Banks Work Documentary

How BanksWorkDocumentary
The very first banks were probably the religious temples of the ancient world. In them were stored gold in the form of easy to carry compressed plates. Their owners justly felt that temples were the safest places to store their gold as they were constantly attended, well built and were sacred, thus deterring would-be thieves. There are extant records of loans from the 18th Century BC in Babylon that were made by temple priests to merchants.
Ancient Greece holds further evidence of banking. Greek temples as well as private and civic entities conducted financial transactions such as loans, deposits, currency exchange, and validation of coinage. Interestingly, there is evidence too of credit, whereby in return for a payment from a client, a Money Lender in one Greek port would write a credit note for the client who could "cash" the note in another city, saving the client the danger of carting coinage with him on his journey.
Ancient Rome perfected the administrative aspect of banking and saw greater regulation of financial institutions and financial practices. Charging interest on loans and paying interest on deposits became more highly developed and competitive. The ascent of Christianity in Rome and its influence restricted banking, as the charging of interest and usury were seen as immoral. Jewish entrepreneurs, free of Christian taboos about money, established themselves in the provision of financial services increasingly demanded by the expansion of European trade and commerce.
The modern Western economic and financial heritage begins as early as the establishment of Jonathan's Coffee-House, which later became the London Stock Exchange. This became a base for stock traders expelled from the Royal Exchange. In 1698 JohnCasting, began publishing a twice weekly newsletter of share and commodity prices, which he sold at Jonathan's. One of the oldest LondonBanking institutions still operating today is Barclay Bank, which was founded by John Frame and Thomas Gould in 1690. The bank was renamed to Barclay by Frame's son-in-law, James Barclay, in 1736.
With the coming of democratic capitalism, around the time of Adam Smith (1776) there was a massive growth in the banking industry. Within the new system of ownership and investment, moneyholders were able to reduce the State's intervention in economic affairs, remove barriers to competition, and, in general, allow anyone willing to work hard enough-and who also has access to capital-to become a capitalist. It wasn't until over 100 years after Adam Smith, however, that companies began to apply his policies in large scale and shift the financial power from England to America.
By the early 1900sNew York was beginning to emerge as the world's leading financial center. Companies and individuals acquired large investments in (other) companies in the US and Europe, resulting in the first true market integration. This comparatively high level of market integration proved especially beneficial when World War I came-both sides in the conflict sought funds from the United States, by issuing new securities and selling existing holdings, though the Allied Powers raised by far the larger amounts. Being a lender to the world resulted in the largest growth of a financial economy to that point.
Global banking and capital market services proliferated during the 1980s and 1990s as a result of a great increase in demand from companies, governments, and financial institutions, but also because financial market conditions were on the whole, bullish. Nevertheless, in recent years, the dominance of U.S. financial markets has been disappearing and there has been an increasing interest in foreign stocks. The extraordinary growth of foreign financial markets results from both large increases in the pool of savings in foreign countries, such as Japan, and, especially, the deregulation of foreign financial markets, which has enabled them to expand their activities. Thus, corporations and bank have started seeking investment opportunity abroad. Such growing internationalization and opportunity in financial services has entirely changed the competitive landscape, as now many banks have demonstrated a preference for the "universal banking" model so prevalent in Europe. Universal banks are free to engage in all forms of financial services, make investments in client companies, and function as much as possible as a "one-stop" supplier of both retail and wholesale financial services.

Rebuilding Banking

Speaker(s): Stephen HesterChair: ProfessorCraig Calhoun
Recorded on 1 October 2012 in Sheikh ZayedTheatre, New AcademicBuilding.
Stephen Hester took over as Royal Bank of ScotlandCEO after the UK Government was forced to rescue the bank from the brink of collapse during the financial crisis. Three and a half years after launching its recovery plan, the bank is in much stronger health. But like the rest of the banking industry, RBS continues to confront serious reputational damage as past mistakes slowly come into full view of regulators, media, and the wider public. Hester will explain how a key linking factor behind the scandals currently affecting the industry has been its approach to customers. And he will argue that improving that approach is the key to fixing both the culture and performance of the banks we all rely on.
Stephen Hester was appointed group chief executive of RBS Group on 21 November 2008. He was previously chief executive of The British Land CompanyPLC, chief operating officer of Abbey National plc and prior to that held positions with Credit Suisse First Boston including chief financial officer, head of fixed income and co-head of European investment banking. In 2008 he served as a non-executive director of Northern Rock plc.
mp3 audio podcast available here - http://www2.lse.ac.uk/newsAndMedia/videoAndAudio/channels/publicLecturesAndEvents/player.aspx?id=1574

51:56

How to Make a Billion Dollars in a Year: Wall Street, Stocks, Mortgages, and Financial Crisis (2010)

How to Make a Billion Dollars in a Year: Wall Street, Stocks, Mortgages, and Financial Crisis (2010)

In 2005, Paulson became concerned about weak credit underwriting standards, excessive leverage among financial institutions and a fundamental mispricing of credit risk. To protect its investors against the risk in the financial markets, Paulson purchased protection through credit default swaps on debt securities they thought would decline in value due to weak credit underwriting.
As credit spreads widened and the value of these securities fell, Paulson realized substantial gains for investors and is reported to have earned $15 billion with $12.5 billion in assets under management in 2007.
In December 2009, the New York Times reported that Paulson had profited during the financial crisis of 2007 by betting against synthetic collateralized debt obligations (CDOs).
On April 19, 2010, the Wall Street Journal reported that Paulson employee Paolo Pellegrini was the point man in Paulson's investment in subprime mortgages.
In 2008, Paulson believed that credit problems would expand beyond subprime mortgages to include areas of consumer, auto, commercial and corporate credit, and that the rising credit costs would continue to stress financial institutions causing spreads to widen and causing certain institutions to fail. This bearish outlook on the credit markets led them to take short positions in some large financial institutions in the US and the UK with high degrees of leverage, high concentrations of assets in deteriorating sectors and rising credit costs. Sectors include mortgage finance companies, specialty finance companies and regional, national, and global banks.
In September 2008, Paulson bet against four of the five biggest British banks including a £350m bet against Barclays; £292m against Royal Bank of Scotland; and £260m against Lloyds TSB. Paulson is reported to have earned a total of £280m after reducing its short position in RBS in January 2009.
To help protect these bets, PCI and others successfully prevented attempts to limit foreclosures and rework mortgage loans.
Following the collapse of Lehman Brothers in the fall of 2008 and the subsequent turmoil in the markets, Paulson launched a fund at the end of 2008 dedicated to restructuring and/or recapitalizing companies such as investment banks and other hedge funds currently feeling the pressure of the more than $345 billion of write downs resulting from under-performing assets linked to the housing market. By providing capital to companies at trough valuations, thus enabling them to survive beyond the crisis, Paulson believed there would be considerable upside potential through a subsequent recovery in the equity of these companies. Companies in the fund that benefited from such recapitalizations were largely concentrated in the financial, insurance and hotel sectors.
Amongst some of the holdings disclosed in Paulson's June 30, 2009 13F filings were 2 million shares of Goldman Sachs as well as 35 million shares in Regions Financial Paulson also purchased shares of Bank of America in the spring of 2009 when the bank was forced to recapitalize its balance sheet following the results of the bank stress tests conducted by the US government, and was reported to have a 1.22% stake in the bank in 2011. According to certain sources, Paulson purchased the shares expecting the stock to double by 2011.
After the 2008 Stock Market crash, Paulson's investment in Citigroup reportedly generated $1 billion from the original investment in 2009 through the end of 2010, called by reporters the "Betting on Citigroup". Mr. Paulson stated that the investment in Citigroup "demonstrates the upside potential of many of the restructuring investments we have added to our porfolio and our ability to generate above-average returns in large positions"
In November 2009 Paulson announced a gold fund focused on gold mining stocks and gold-related investments. Paulson believed that the massive amount of balance sheet expansion through monetary stimulus undertaken by the Federal Reserve and other central banks would eventually lead to inflation in the US dollar and other fiat currencies. In such an environment, gold would become the alternative currency of choice for investors globally, causing the value of gold to increase significantly.
Paulson also has a long track record of investing in distressed debt, bankruptcies and restructurings. The 2008-2009 financial crisis resulted in a record high level of defaults and bankruptcies across numerous industries, and Paulson was a large investor in many of the largest and most prominent ones, including the Lehman Brothers bankruptcy and liquidation.
http://en.wikipedia.org/wiki/Paulson_%26_Co.

Mortgage Changes - Presented by RBC...

GLOBAL FUNDER DIRECTIVE TO CENTRAL BANK OF CENTRAL...

LONDON (AP) — A British surgeon has admitted assaulting two patients by burning his initials into their livers during transplant operations ...Bramhall used an argon beam coagulator, which seals bleeding blood vessels with an electric beam, to mark his initials on the organs ... ....

District JudgeTed Stewart said during a hearing in Salt Lake City that Lyle Jeffs deserved the 57-month prison sentence because his behavior showed he doesn't respect U.S ... Jeffs is an adult. He knows right from wrong." ... He was ordered to pay $1 million in restitution ... "I do humbly accept my responsibly for my actions ... The FBI put up a $50,000 reward....

The decision signals higher rates on consumer loans, credit cards, and other loans, and indicates that the central bank is confident about the current strength of the economy and ready to push rates to more normalized levels ... suggested that the central bank may accelerate its rate hikes to prevent faster growth from igniting more rapid inflation....

search tools

You can search using any combination of the items listed below.

Saudi Arabia and the UAE are working on the launch of a digital currency that could be used for transactions between the region’s banks by using blockchain, the technology that underpins bitcoin. Citing UAE CentralBank Gov. Mubarak Al-Mansouri, Reuters reported on Wednesday that UAE and KSAbanks would issue a digital currency that would be accepted in cross-border transactions between the two countries....

The free lunch for banks may be coming to an end as their loan books are expected to expand over the course of 2018 amid reduced domestic borrowing by the government, likely keep money markets yield subdued. Analysts are of the view that an expansion in bankcredit extension brings some risks as loan growth This content is for Standard & PremiumDigitalSubscribers only....

Ride services More details on Uber hack A cybersecurity firm hired by Uber after a huge data theft found no evidence that rider credit card, bank account or Social Security numbers were downloaded by two hackers, the company said in a response to demands for information from U.S. senators... On Nov ... ....

HOMOSASSA — The opening of The RoyalDalton House assisted living facility in Homosassa, originally planned for this month, has been pushed back until around March to give management time to comply with a proposed new state law requiring back-up generators ...Foster said RoyalDalton is trying to use as many local contractors and subcontractors on the project as possible....

The erratic fluctuation in the value of rupee not only hints at a lack of planning on part of the central bank but also lays bare the blind submission of country’s economic managers to the diktats of International Monetary Fund’s (IMF) ... This has not only created uncertainty but also proved the central bank’s intervention failed to work....

With construction booming thanks to cheap credit and high government spending, the economy risks overheating in a classic boom to bust scenario. A full blown crisis, however, is far from inevitable and the central bank Thursday has the chance to restore confidence in the lira with a critical interest rate decision ... Economists say a guilty verdict could see one or more Turkishbanks fined....

Banks like JP Morgan – which currently has 16,000 staff in the UK – will ramp up operations at a number of its EU sites with plans to move up to 1,000 London front and back office roles, while HSBC has said it is on course to shift as many as 1,000 jobs to France, where it already has a full-service universal bank after buying up CreditCommercial de France in 2002....

The central bank said in a statement after its latest policy meeting that it expects the job market and the economy to strengthen further ...The Fed's rate decision Wednesday was approved 7-2, with Charles Evans, president of the Fed's Chicago regional bank, and Neel Kashkari, head of the Minneapolis Fed, voting no ... The central bank's message Wednesday departed little from its recent statements....